This is down 0.2% from the $680.1 billion disbursed in June and marks the metric’s fifth consecutive month of decline.
Yet another month has passed with Singapore’s bank lending rate declining as both business and consumer loans took a hit from the effects of the health-turned-economic crisis.
Total loans from the domestic banking unit – which captures lending in all currencies, but mainly reflects Singapore-dollar lending – came in at $678.7 billion in July.
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